đš STOCKS | $65 BILLION WIPED OUT â INDONESIAâS STOCK MARKET IS CRASHING AGAIN!
A major financial crisis is unfolding in Southeast Asia.
TODAY, OCTOBER 19:
đŽ Jakarta Composite Index: DOWN OVER 5%
đŽ Market reaches a SIX-YEAR LOW
đŽ Indonesian rupiah: 18,040 per USD
đŽ Government bond yields: 7.4%
And the situation could get worse.
WHAT TRIGGERED THE PANIC?
On Friday, October 16, MSCI warned that Indonesia could lose its Emerging Market classification.
The potential replacement?
STANDALONE MARKET STATUS.
This could exclude Indonesian equities from major global investment indexes.
Fridayâs reaction was brutal:
-11.6% in one session.
Approximately $65 BILLION erased.
Those were Fridayâs losses, NOT todayâs.
Mondayâs additional decline is a separate market move.
THE BIGGEST WARNING:
Goldman Sachs estimates that a complete MSCI exclusion could trigger:
đ° $5.6 BILLION in passive investment outflows.
This is a potential future impact, not confirmed money already withdrawn.
A major financial crisis is unfolding in Southeast Asia.
TODAY, OCTOBER 19:
đŽ Jakarta Composite Index: DOWN OVER 5%
đŽ Market reaches a SIX-YEAR LOW
đŽ Indonesian rupiah: 18,040 per USD
đŽ Government bond yields: 7.4%
And the situation could get worse.
WHAT TRIGGERED THE PANIC?
On Friday, October 16, MSCI warned that Indonesia could lose its Emerging Market classification.
The potential replacement?
STANDALONE MARKET STATUS.
This could exclude Indonesian equities from major global investment indexes.
Fridayâs reaction was brutal:
-11.6% in one session.
Approximately $65 BILLION erased.
Those were Fridayâs losses, NOT todayâs.
Mondayâs additional decline is a separate market move.
THE BIGGEST WARNING:
Goldman Sachs estimates that a complete MSCI exclusion could trigger:
đ° $5.6 BILLION in passive investment outflows.
This is a potential future impact, not confirmed money already withdrawn.